What is the Federal Rehabilitation Tax Credit?
The federal Rehabilitation Tax Credit (RTC) encourages the preservation and reuse of the nation’s built environment by offering federal tax credits to the owners of historic properties. The tax credits represent a dollar-for-dollar reduction of federal taxes owed. Since its inception in 1976, the credit has encouraged the rehabilitation of more than 31,000 historic properties representing over $31 billion in private investment. This approach to community revitalization has been so successful that nearly half the states now have similar programs.
